CNX Resources Co. (NYSE:CNX - Get Free Report) has earned a consensus rating of "Strong Sell" from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $29.38.
Several research analysts have recently commented on CNX shares. Roth Capital set a $30.00 price objective on CNX Resources in a research note on Thursday, January 23rd. Piper Sandler decreased their price objective on CNX Resources from $23.00 to $22.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 29th. Mizuho decreased their price objective on CNX Resources from $38.00 to $34.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded CNX Resources from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their target price on CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday.
Check Out Our Latest Stock Report on CNX Resources
Insider Buying and Selling at CNX Resources
In other news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.09, for a total value of $33,421,750.00. Following the completion of the sale, the insider now directly owns 13,925,000 shares of the company's stock, valued at $432,928,250. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.65% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On CNX Resources
Several institutional investors have recently modified their holdings of the stock. Centaurus Financial Inc. bought a new stake in shares of CNX Resources in the 4th quarter valued at approximately $146,000. Heck Capital Advisors LLC bought a new stake in shares of CNX Resources in the 4th quarter valued at approximately $121,000. Pullen Investment Management LLC lifted its stake in shares of CNX Resources by 2.7% in the 4th quarter. Pullen Investment Management LLC now owns 32,151 shares of the oil and gas producer's stock valued at $1,179,000 after purchasing an additional 841 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of CNX Resources in the 4th quarter valued at approximately $88,000. Finally, GF Fund Management CO. LTD. bought a new stake in shares of CNX Resources during the 4th quarter worth approximately $1,684,000. 95.16% of the stock is owned by institutional investors.
CNX Resources Stock Performance
CNX stock traded up $0.65 during trading on Tuesday, reaching $30.51. The stock had a trading volume of 1,487,152 shares, compared to its average volume of 2,637,401. CNX Resources has a 52 week low of $21.07 and a 52 week high of $41.93. The stock's 50 day moving average is $29.81 and its two-hundred day moving average is $32.91. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. The firm has a market cap of $4.54 billion, a PE ratio of -44.87, a PEG ratio of 0.42 and a beta of 1.26.
CNX Resources (NYSE:CNX - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. CNX Resources had a positive return on equity of 6.72% and a negative net margin of 7.14%. As a group, equities analysts anticipate that CNX Resources will post 2.18 earnings per share for the current year.
About CNX Resources
(
Get Free ReportCNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.
Featured Articles
Before you consider CNX Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CNX Resources wasn't on the list.
While CNX Resources currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
